A Critique of Welfare Economics

This book offers a comprehensive analysis of welfare economics, critiquing both traditional and new approaches. It delves into utilitarian economics, the analysis of consumer behaviour, and the choice criterion. The text explores the distribution of welfare, value judgements, and the new welfare economics, including welfare criteria and the economic welfare function. It examines the 'optimum' conditions of production and exchange, addressing issues like indivisibilities and consumers' surplus. The book also discusses output and price policy in public enterprises, the valuation of national income, and the intersection of welfare theory with international trade and politics. Appendices provide additional insights into topics such as the logic of strong ordering and the construction of behaviour-line systems.

Published 1970, Second Edition.

Binding of book is slightly loose. Slight foxing with creases and fraying of edges on front cover. Some foxing on back cover. Slight foxing and some fading on spine. Moderate tanning and slight foxing on top, fore, and bottom edges. Slight foxing on insides of covers with a name written on inside cover. Pages are clean of foxing and annotations, with some tanning around margins.

Condition: Well Read